Could the Sacramento Kings be headed for Virginia Beach? While many steps remain, an important step was taken on Tuesday.

Virginia Beach mayor Will Sessoms and Comcast-Spectacor have reached a deal to build a city-owned $350 million arena, according to WAVY-TV.

Sacramento Kings fans have been battling to keep their team from leaving for another city. The latest possible destination is Virginia Beach. (AP Photo)

The Sacramento Kings would be the "anchor" tenant, according to the report.

The next step: a request has been sent to state officials requesting $150 million to complete the project. That $150 million loan would be paid back through state tax revenue from the arena.

The breakdown of that $150 million would be $70 million toward capital costs. $80 million would be for moving expenses, including a $30 million relocation fee paid by Kings ownership to other NBA owners.

"The V.B. City Council still hasn't given the project a thumbs-up. A lot is being asked of the state. And we know that the Maloofs can't be trusted to hold up their end of a deal, even when they smile for the cameras and tear up and give triumphant press conferences," Ziller wrote. "They cannot be trusted to follow through with anything that might cost them a dime. It's kind of gross, hoping the Maloofs do to Virginia Beach what they've done to us. But hey, it's not personal. It's business."